On The Shelf: AGF names new VP, managers

(April 2, 2008) AGF Funds Inc. has named Robert Lyon senior vice-president and portfolio manager of three funds, taking over from AGF veteran Robert Farquharson.

Lyon will take over the AGF Canadian Resources Fund, AGF Global Resources Class and AGF Precious Metals Fund, effective April 21, 2008, and pending regulatory approval.

“We are delighted to have someone of Bob’s calibre and expertise join our world class investment management team,” said Randy Ambrosie, president of AGF Funds. “He is a welcome addition to our team as we continue to build and invest in the depth and breadth of talent within AGF. We are committed to delivering the best possible value to investors through strong long-term performance and continuity in our fund management.”

A 20-year industry veteran, Lyon comes to AGF from vice-president and director of proprietary trading with one of Canada’s leading bank-owned investment dealers, and is a former portfolio manager with CI Funds, where he managed the CI Signature Canadian Resource fund.

“Not only does Bob Lyon have a strong long-term proven track record, but he shares our philosophy of excellence in money management through teamwork, research and rigorous analysis,” said Martin Hubbes, CIO and executive vice-president, AGF Funds.

AGF has also announced the promotion of three managers within the company, which will be effective April 7, 2008. James Sorbo has been promoted to portfolio manager and will assume lead management of AGF Canadian Small Cap Fund and AGF Funds Inc.’s portion of Harmony Americas Small Cap Equity Pool.

Niall Dineen joins AGF Funds Inc. from AGF International Advisors and has been named portfolio manager of the AGF Canadian Value Fund and AGF Canadian Balanced Value Fund.

Associate portfolio manager Ani Markova will join the investment team of the AGF Precious Metals Fund.

(04/02/08)

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.